Associate Shari a Consultation Executive CFIB

ADIB - Abu Dhabi Islamic Bank

Role : Associate Shari a Consultation Executive, CFIB
Location : Abu Dhabi

Role Purpose:

To manage the CFIB Shari a consultations team, provide Shari a consultations to CFIB at ADIB Group level and be responsible for reviewing and approving policies and procedures, Shari a structures and documentations related to their business and transactions. Shari a consultations and Shari a review services should be provided in line with the resolutions of Higher Shari a Authority ( HSA ) and the Internal Shari a Supervisory Committee ( ISSC ) and in accordance with CBUAE Shari a Governance Standard.

Key Accountabilities of the role

• Consultations Team ) in Shari a Consultations Department.

• Improve the skills, performance, and efficiency of the Shari a Consultations Team, by providing supervision and guidance.

• Improve the turnaround time for providing Shari a consultations services and develop an automated system (if possible).

• Provide or approve the needed Shari a structures for CFIB financing transactions.

• Review and approve term sheets of new CFIB financing transactions.

• Review and approve documentation of CFIB transactions, including reviewing and negotiating the comments with external lawyers and other banks Shari a teams of financing transactions and restructuring facilities.

• Review and approve the financial services provided by CFIB.

• Provide Shari a compliant restructuring solutions for CFIB defaulted transactions, including reviewing, and approving all related documentation.

• Review and approve new or updated policies and procedures, SOPs, PPG and manuals related to CFIB business.

• Provide the above Shari a consultations services at ADIB Group level.

• To Backup other heads in Internal Shari a Control Group.

• Follow up the implementation of the circulated resolutions of HSA and ISSC, related to CFIB business in ADIB Group.

• Coordinate with the concerned units in CFIB to update their policies and procedures to reflect any new resolution issued by HSA or ISSC.
• Raise to Head of Shari a Consultations Department or Global Head of Shari a any new Shari a issues or documents that need the Internal Shari a Supervisory Committee s review and approval.
• Provide all Shari a consultation services, directly or by the Shari a Consultations Team in line with the resolutions of HSA, ISSC, the CBUAE Shari a Governance Standard and ADIB s internal charters and policies.
• Provide the above Shari a consultation services in an independent approach up to not less than 90%.

Specialist Skills / Technical Knowledge Required for this role:

• More than bachelor degree in Shari a and Law or Shari a.
• 15+ years experience in Islamic banking Shari a consultations or relevant field.
• Detailed understanding of Shari a and technical aspects of complex and large corporate finance and capital markets, especially syndications and Sukuk.
• Experience in structuring/restructuring Islamic finance transactions in general and corporate finance transactions in particular.
• Strong ability to review (from Shari a aspect) the documents of complex and large corporate transactions, especially syndications and Sukuk transactions.
• Strong ability to negotiate the documents of the above with external lawyers and lawyers of international law firms.
• Full knowledge of AAOIFI Shari a Standards and HSA s resolutions
• Verbal and written English and Arabic communication skills
• Analytical thinking and teamwork skills.
• Management skills.